Reliance Power Shares Surge 40% in April, Boosting Anil Ambani's Portfolio Value

Reliance Power Shares Soar 40% in April, Experts Expect Further Upside

The Reliance Power share price has been on an uptrend in FY27, with the Anil Ambani-owned company's shares rising from ₹20.36 apiece to ₹28.58 on the NSE in April 2026. This represents a significant 40% rally in the month. According to stock market experts, the rally in Reliance Power shares is not random, but rather driven by strong fundamentals.

The company's recent achievement of debt-free status has been a major trigger, driving value buying at lower levels. Reliance Power's shares are also looking strong on the technical chart, especially after breaking out at ₹20 apiece. Experts are expecting the stock to touch ₹36 to ₹40 apiece in the short term, with a new share price target of ₹45 per share if it breaks above the ₹36-40 zone on a closing basis.

Triggers for the Reliance Power Shares

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The company's improvement in its balance sheet has been a key factor in the rally. Reliance Power has largely become debt-free at the standalone level, a major shift from its earlier high-leverage position. This has led to a re-rating, as earlier concerns about excessive debt and weak execution have started to ease. The company has also returned to profitability in FY25 after years of losses, improving investor confidence.

Foray into the Renewable Energy Business

Reliance Power's pivot towards renewable energy is another big factor driving the company's share price rally. Its entry into solar and battery storage projects has created a new growth narrative, and the market is assigning value to this future potential. Developments such as the Bhutan project and international bid opportunities have further supported sentiment, even though they are still at an early stage and not yet contributing meaningfully to earnings.

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Why are RPower Shares Rising before Q4 Results?

The rally's timing indicates that the market is pricing in expectations rather than reacting to actual numbers. Investors are betting that upcoming results will confirm the turnaround and that FY26 could show improved earnings visibility. In that sense, the rally is forward-looking and driven by anticipation.

Reliance Power Share Price Target

Analysing the technical chart of Reliance Power shares, experts are expecting the stock to touch ₹36 to ₹40 apiece in the short term, with a new share price target of ₹45 per share if it breaks above the ₹36-40 zone on a closing basis.

Anil Ambani's Shareholding in Reliance Power

According to the shareholding pattern of the ADAG group company for the March 2026 quarter, Anil Ambani owns 4,65,792 shares, or a 0.01% stake, as a promoter. His wife, Tina Ambani, and son, Anmol Ambani, hold 0.01% stakes in the company, whereas his mother, Kokila D Ambani, holds a 0.02% stake. These family members also hold company shares as promoters.